Finance Minister Joe Oliver is balancing the federal budget, but because of plunging oil prices the government had to use a contingency fund.

Oliver’s budget includes several measures aimed at families and retirees… including higher Tax Free Savings Account limits and a change to Registered Retirement Income Funds lower the withdrawal minimums

The NDP’s Jean Crowder of Nanaimo Cowichan says the change to RRIFs is a good one, but the higher TFSA limits won’t help average Canadians, and she hammered the feds on their environmental track record…

The NDP says the Family Tax Cut; also known as income splitting, will only benefit wealthy families.

A good news budget for our neck of the woods…that from CIBC Wood Gundy Financial Adviser Susan Carson on the federal budget…

Many political pundits are calling this an election budget with a federal vote set for October.